Market Overview:
The global tow prepreg market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for carbon fiber tow prepreg in various applications, such as military pressure vessels and CNG/hydrogen pressure vessels. North America is expected to lead the global tow prepreg market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Tow prepreg is a carbon fiber fabric that has been pre-impregnated with epoxy resin. This fabric is then used in the manufacture of composite parts, where it provides strength and stiffness. Tow prepreg is important because it allows for the production of high-quality composite parts with a consistent quality and weight.
Carbon Fiber:
Carbon fiber is a very strong, lightweight and rigid material. It has properties such as high tensile strength, low thermal expansion and good electrical conductivity. The primary reason it is used in the manufacturing of tow prepregs are its excellent mechanical properties at a lower weight than other materials such as steel or aluminum.
The global carbon fiber market size was valued at USD 3,37 billion in 2015.
Epoxy:
Epoxy is a thermosetting polymer, which contains carbon, hydrogen and oxygen along with other impurities. Epoxy resins are used in the manufacturing of tow prepregs owing to their high strength and stiffness. The tow fiber-reinforced epoxy composites offer higher tensile strength as compared to steel or aluminum at a much lower weight.
Application Insights:
Military pressure vessel was the largest application segment in terms of revenue share in 2017. The product is widely used for manufacturing military aircraft and vessels, including destroyers, frigates, corvettes and patrol boats. In addition, it is also utilized to manufacture space-related products such as satellites and launch vehicles.
The growing defense expenditure across the globe has resulted in increased production of military aircraft and vessels over the past few years. This trend is expected to continue over the forecast period thus driving demand for tow prepreg from 2018 to 2030 globally. Moreover, increasing investments by governments worldwide for promoting civil aviation are likely to propel market growth over the coming years as well in terms of volume due to increase production of airplanes & helicopters coupled with rising demand from other applications such as aerospace & defense industry etc., in various regions including Asia Pacific region etc.
Regional Analysis:
Asia Pacific dominated the global tow prepreg market in 2016 and is expected to continue its dominance over the forecast period. The presence of key aircraft manufacturers such as Boeing, Airbus, and Lockheed Martin along with other major aerospace companies are contributing towards growth in this region. Furthermore, rapid industrialization coupled with increasing infrastructure spending in countries such as China and India is anticipated to drive demand for tow prepregs over the next eight years.
Europe was estimated at USD X million in 2016 owing to high demand from several industries including aerospace & defense (AD), automotive (AN), energy & power (APC) among others. Europe has been experiencing a severe shortage of skilled labor due to which many manufacturing industries have started shifting their base outside Europe thereby driving investments toward Central & South America region for construction materials etc., which will further boost product demand over the forecast period.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing popularity of electric and hybrid vehicles
- Rising demand from the aerospace industry
- Rapid growth in the construction sector
- Increasing use of tow prepreg in wind energy applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Tow Prepreg Market Research Report
By Type
Carbon Fiber, Epoxy
By Application
Military Pressure Vessel, CNG/Hydrogen Pressure Vessel
By Companies
TCR Composites, Fibrtec, Toray, Zoltek, JXTG Nippon Oil & Energy, Hexcel, North Thin Ply Technology, TCR Composites
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Tow Prepreg Market Report Segments:
The global Tow Prepreg market is segmented on the basis of:
Types
Carbon Fiber, Epoxy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military Pressure Vessel, CNG/Hydrogen Pressure Vessel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TCR Composites
- Fibrtec
- Toray
- Zoltek
- JXTG Nippon Oil & Energy
- Hexcel
- North Thin Ply Technology
- TCR Composites
Highlights of The Tow Prepreg Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Fiber
- Epoxy
- By Application:
- Military Pressure Vessel
- CNG/Hydrogen Pressure Vessel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tow Prepreg Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tow prepreg is a type of pre-preg material that is used in the manufacturing of composite materials. Tow prepreg is made from a blend of polyester and carbon fiber, which makes it strong and lightweight.
Some of the major companies in the tow prepreg market are TCR Composites, Fibrtec, Toray, Zoltek, JXTG Nippon Oil & Energy, Hexcel, North Thin Ply Technology, TCR Composites.
The tow prepreg market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tow Prepreg Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tow Prepreg Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tow Prepreg Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tow Prepreg Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tow Prepreg Market Size & Forecast, 2018-2028
4.5.1 Tow Prepreg Market Size and Y-o-Y Growth
4.5.2 Tow Prepreg Market Absolute $ Opportunity
Chapter 5 Global Tow Prepreg Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tow Prepreg Market Size Forecast by Type
5.2.1 Carbon Fiber
5.2.2 Epoxy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tow Prepreg Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tow Prepreg Market Size Forecast by Applications
6.2.1 Military Pressure Vessel
6.2.2 CNG/Hydrogen Pressure Vessel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tow Prepreg Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tow Prepreg Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tow Prepreg Analysis and Forecast
9.1 Introduction
9.2 North America Tow Prepreg Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tow Prepreg Market Size Forecast by Type
9.6.1 Carbon Fiber
9.6.2 Epoxy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tow Prepreg Market Size Forecast by Applications
9.10.1 Military Pressure Vessel
9.10.2 CNG/Hydrogen Pressure Vessel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tow Prepreg Analysis and Forecast
10.1 Introduction
10.2 Europe Tow Prepreg Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tow Prepreg Market Size Forecast by Type
10.6.1 Carbon Fiber
10.6.2 Epoxy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tow Prepreg Market Size Forecast by Applications
10.10.1 Military Pressure Vessel
10.10.2 CNG/Hydrogen Pressure Vessel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tow Prepreg Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tow Prepreg Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tow Prepreg Market Size Forecast by Type
11.6.1 Carbon Fiber
11.6.2 Epoxy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tow Prepreg Market Size Forecast by Applications
11.10.1 Military Pressure Vessel
11.10.2 CNG/Hydrogen Pressure Vessel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tow Prepreg Analysis and Forecast
12.1 Introduction
12.2 Latin America Tow Prepreg Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tow Prepreg Market Size Forecast by Type
12.6.1 Carbon Fiber
12.6.2 Epoxy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tow Prepreg Market Size Forecast by Applications
12.10.1 Military Pressure Vessel
12.10.2 CNG/Hydrogen Pressure Vessel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tow Prepreg Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tow Prepreg Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tow Prepreg Market Size Forecast by Type
13.6.1 Carbon Fiber
13.6.2 Epoxy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tow Prepreg Market Size Forecast by Applications
13.10.1 Military Pressure Vessel
13.10.2 CNG/Hydrogen Pressure Vessel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tow Prepreg Market: Competitive Dashboard
14.2 Global Tow Prepreg Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TCR Composites
14.3.2 Fibrtec
14.3.3 Toray
14.3.4 Zoltek
14.3.5 JXTG Nippon Oil & Energy
14.3.6 Hexcel
14.3.7 North Thin Ply Technology
14.3.8 TCR Composites
